Form 5500 · Employee benefit plan · MOORESVILLE, NC
LOWES COMPANIES INC
The filing calls this plan LOWES WELFARE PLAN.
LOWES COMPANIES INC of MOORESVILLE, NC insures health, vision, life and disability coverage for its employees, per Schedule A of its Form 5500. Its broker of record is MERCER HEALTH & BENEFITS ADMIN LLC. Coverage is written through VISION SERVICE PLAN and 15 other carriers. The plan's most recent policy period ended in December.
Sourced from U.S. DOL EFAST2 Form 5500 · EIN 56-0578072 · plan 511 · plan year 2024, filed Oct 15, 2025
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1,311 other employer plans in North Carolina have policy years ending in December. See the full list on the renewal calendar, or ask for it in Claude or ChatGPT.
How this plan is funded
Both, as reported
The medical insurance contracts on the filing cover fewer than half the people in the plan, so the rest is paid another way.
A stop-loss policy appears on a Form 5500 only when the plan itself is the beneficiary, or the premiums are paid from plan money. Many employers buy stop-loss and never report it here. So a plan with no stop-loss on its filing may still have it.
Benefits declared on this filing
Health: the largest of the 9 insured health contracts, with KAISER FOUNDATION HEALTH PLAN, INC., covers 3,401 of 277,591 participants (1.2%) on Schedule A.
7 contracts on this filing do not say which benefits they cover, so a line above may be insured by one of them.
Also declared: prepaid legal, severance, death benefits.
Declared benefits are the plan’s own line 8b codes on Form 5500. “Not on Schedule A” means no insured contract for that line appears on this filing. That usually means the benefit is self-funded, or it sits under a different plan number.
Where a line has more than one insured contract, the carrier and the covered figure are the largest contract's by premium. The contracts are not added up: a pharmacy carve-out and the medical carrier beside it cover the same people.
Persons covered is the count the carrier filed for that policy at the end of its policy year, and it can include dependents. Participants is the plan's own count at the start of its plan year. The two count different people, so a covered figure can be larger.
Plan brief
Schedule A lists 22 insured contracts covering health, vision, life and disability; the largest, with VISION SERVICE PLAN, covers 87,438 people.
The filing declares health, vision, life, disability and dental. Dental appears with no insured contract on Schedule A. That coverage may be self-funded, placed with a carrier that is not on this filing, or written on one of the 7 contracts here that do not say what they cover.
Reported premium across the insured contracts is $151,615,439, with $2,876,258 in disclosed broker commissions — about 1.9% of premium.
The health contract's policy period ended in December, while at least one ancillary line's policy period ended in April. The plan is on a split renewal cycle.
MERCER HEALTH & BENEFITS ADMIN LLC is the broker of record on 2 of the 22 contracts; the rest name a different broker or none.
Schedule A insurance contracts
| Carrier | Benefits | Covered | Renews | Premium | Commission |
|---|---|---|---|---|---|
| AMERICAN HERITAGE LIFE INSURANCE COMPANY | Health | 41,922 | Jan 1, 2025 | $12,098,812 | $1,209,881 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | Disability | 65,762 | Jan 1, 2025 | $19,137,924 | $587,884 |
| VISION SERVICE PLAN | Vision | 87,438 | Jan 1, 2025 | $23,054,065 | $345,853 |
| HARTFORD LIFE AND ACCIDENT | Life | 182,509 | Jan 1, 2025 | $22,732,399 | $227,324 |
| VISION SERVICE PLAN | Vision | 13,929 | Jan 1, 2025 | $3,143,280 | $157,186 |
| METLIFE LEGAL PLANS | — | 12,335 | Jan 1, 2025 | $3,027,511 | $152,024 |
| AMERICAN HERITAGE LIFE INSURANCE COMPANY | Life, Disability | 10,466 | Jan 1, 2025 | $1,309,955 | $130,996 |
| NEW YORK LIFE GROUP INSURANCE COMPANY OF NEW YORK | — | 5,404 | Jan 1, 2025 | $2,528,954 | $38,380 |
| HARTFORD LIFE AND ACCIDENT | Life | 24,735 | Jan 1, 2025 | $1,625,801 | $16,258 |
| METROPOLITAN LIFE INSURANCE COMPANY | — | 253 | Jan 1, 2025 | $297,999 | $5,558 |
| LIFE INSURANCE COMPANY OF NORTH AMERICA | — | 545 | Jan 1, 2025 | $305,522 | $4,914 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 3,401 | Jan 1, 2025 | $21,263,337 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 1,777 | Jan 1, 2025 | $11,028,570 | $0 |
| KAISER FOUNDATION HEALTH PLAN, INC. | Health | 758 | Jan 1, 2025 | $5,984,219 | $0 |
| KAISER FOUNDATION HEALTH PLAN OF COLORADO | Health | 742 | Jan 1, 2025 | $4,940,094 | $0 |
| KAISER FOUNDATION HEALTH PLAN OF WASHINGTON | Health | 668 | Jan 1, 2025 | $4,599,482 | $0 |
| KAISER FOUNDATION HEALTH PLAN OF THE MID-ATLANTIC | Health | 741 | Jan 1, 2025 | $4,483,228 | $0 |
| KAISER FOUNDATION HEALTH PLAN OF GEORGIA, INC. | Health | 683 | Jan 1, 2025 | $4,281,399 | $0 |
| CURALINC LLC | — | 300,842 | Jan 1, 2025 | $3,122,411 | $0 |
| KAISER FOUNDATION HEALTH PLAN OF THE NORTHWEST | Health | 397 | Jan 1, 2025 | $2,584,665 | $0 |
| UNITEDHEALTHCARE INSURANCE COMPANY | — | 9,256 | Jan 1, 2025 | $54,412 | $0 |
| NATIONAL UNION FIRE INS. CO. OF PITTSBURGH, PA | — | 170,063 | Apr 2, 2025 | $11,400 | $0 |
Premium and claims on these contracts
VISION SERVICE PLAN, contract 30042795. For the contract year on this filing, the carrier reported $23,054,065 in premium earned and $18,508,300 in claims incurred. Dividing one by the other gives 80%.
VISION SERVICE PLAN, contract 30040431. For the contract year on this filing, the carrier reported $3,143,280 in premium earned and $2,767,627 in claims incurred. Dividing one by the other gives 88%.
METROPOLITAN LIFE INSURANCE COMPANY, contract 96802. For the contract year on this filing, the carrier reported $297,999 in premium earned and $434,690 in claims incurred. Dividing one by the other gives 146%.
- VISION SERVICE PLAN, contract 30042795 reported $2,997,028 in retention.
- VISION SERVICE PLAN, contract 30040431 reported $408,626 in retention.
- METROPOLITAN LIFE INSURANCE COMPANY, contract 96802 reported $-136,691 in retention.
Retention is what the carrier kept of the premium after claims, as reported: administration, commissions and other charges.
Only experience-rated contracts report these figures, so most filings leave them blank.
Covered = persons covered at policy year end, as filed on Schedule A for that policy — often certificates or one class, not the whole plan. Premium = the filing’s own premium/charges figure; “—” means not credibly reported.
Administrator and service providers
The plan administrator is from line 3a of the main form. We publish company names only.
Reported to OSHA
Reported to OSHA for 2025: 258,109 employees, 5,740 recordable cases, 104,666 days away from work.
Source: OSHA Injury Tracking Application establishment data, 2025.
Other plans filed by this employer
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